Free One Day Workshop

If you are interested to meet any of the following objectives and want to calculate the ROI for your organisation then this service is relevant to you.

The issues can be grouped into the following 3 areas and the report will detail the risks and opportunities at each level.
 

Non-value adding activity
• Current process is labour intensive and subject to keying errors and duplication
• A majority of the matching is manual
• Invoices that are matched are sent for approval
• Approvers have authorisation limits which are manually policed

Fraud risk
• No automated authorization process which makes it difficult to manage
• Limited segregation of duties (this varies depending on the location)
• No control, visibility or audit trail
• PO system is not consistently used across the business for purchases outside materials and sub contractors
• Supplier validity is not checked by AP. The same role can set up a supplier, enter bank details, register an invoice and make a payment

Cost risk
• Lack of visibility therefore no understanding of financial commitment
• Invoices take too long to pay
• Currently no management or operational reporting
• Time consuming to train new people
• There are no authority chains within the business

All we ask for your free One Day Workshop is you:

• Complete the form and return it to us
• Have at least 3 delegates from your company covering Finance and IT
• Have an interest in reducing cost by automating your invoice process

Please click here to down load an example of a workshop report

To book a Free One Day Work Shop or for more information contact us on 01992 801860